Hurricane Liz
The Bank’s Andrew Bailey has taken a lot of stick over the past year but, in the wake of the chaos unleashed by Hurricane Liz, he has displayed extraordinary calmness.
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The Bank’s Andrew Bailey has taken a lot of stick over the past year but, in the wake of the chaos unleashed by Hurricane Liz, he has displayed extraordinary calmness.
Daily Briefing: The Bank of England has made an unprecedented intervention in a bid to calm the financial chaos unleashed by the Chancellor’s mini-maxi budget.
Daily Briefing: The Bank of England and Chancellor have attempted to restore confidence after the pound fell to a record low against the dollar.
Eight observations from the audacious “mini-budget”, announced by Britain’s new chancellor on Friday.
A long newsletter for subscribers this weekend. But a lot has happened.
Central bankers were caught napping by inflation. There is no more time to waste: every weapon in the fiscal armoury must be deployed against this menace.
According to Cebr estimates, the Treasury has significantly overestimated the cost of the mini-budget to the exchequer.
The top rate of income tax has been abolished. Liz Truss’s favourite think tank loves the move; markets, investors and traders are less convinced.
Daily Briefing: The Bank is raising interest rates, effectively slowing the economy. Meanwhile, the new government is borrowing tens of billions in an effort to pump growth and speed it up.
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